NIFTY SUPPORT
Nifty faces resistance to move above and stay above 4690-4710 resistance zone,
it may surrender its gains and fall to lower levels.
Nifty takes support from 4625-4595 support zone on any intra day decline,
again it will bounce back and move in upward direction.
INTRADAY STOCK
ACC :
Sell this stock at higher levels,faces resistance and stay above 795, 797, 800
for down side targets of 785, 775.
keep stop loss at 808.
TATA MOTORS :
If this stock opens at higher levels and starts moving in upward direction,
buy this stock above 495 for targets of 500,508.
Keep stop loss at 488.
In case if this stock opens at lower levels or if there is any intraday decline from opening levels, you can also buy this stock near 484, 480, 477 on evidence of support and bounce back for targets of 488, 492, 494 by keeping stop loss at 474.
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Posted by
Dharmik Patwa
Wednesday, August 26, 2009
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